In addition to SWOT analysis by key suppliers, the report contains a comprehensive “mHealth Market Research Report- Global Forecast To 2022” analysis and major player’s landscape.
The Global mHealth market is growing with a rapid pace. According to a recent study report published by the Market Research Future, the Global mHealth market is booming and expected to gain prominence over the forecast period and is projected to grow a sound pace. The market is projected to demonstrate a sound growth by 2023, surpassing its previous growth records in terms of value with a sound CAGR during the anticipated period (2017-2023).
Technology is the major driving force behind the mHealth. Technological advancement is providing better healthcare solution that changing the way of medical sector. Continuous innovation is most influencing force in this market. The demand for advanced and innovative products are increasing at rapid pace. Introduction of innovative product in the market gives first mover advantage to the solution provider. Options of better treatments, access to the solutions, improved affordability and convenience are changing the healthcare sector. Many times mHealth changes the traditional healthcare like, healthcare professionals can directly connect and assist patients from thousand miles away through mHealth technology. However, factors such as security and confidentiality threats along with resistance to change and market volatility are the major restraining factors for the market growth, during the forecast period.
mHealth Market - Competitive Analysis
Characterized by the presence of several well-established and small players, the global mHealth market Share appears to be highly competitive and fragmented. International players are increasingly expanding their footprint in the developing economy, making it difficult for regional vendors to compete with them, especially in terms of features such as product differentiation, product portfolios, quality, and pricing. The market is witnessing intensified competition which is expected to get more intensified further during the forecast period. The intense competition prevalent in the market dictates the consolidation among marketers.
Allscripts (U.S.), Agamatrix, Inc. (U.S.), Apple Inc. (U.S.), Honeywell International Inc. (U.S.), Medtronic MiniMed, Inc. (U.S.), Vivify Health (U.S.), iHealth Labs Inc. (U.S.) and others are some of the prominent players at the forefront of competition in the Global mHealth Market and are profiled in MRFR Analysis.
Global mHealth Market - regional analysis
The global mHealth market is segmented into four different regions namely; North America, Europe, Asia-Pacific (APAC), and Middle East and Africa (ME&A). High-income countries were reported highest adoption of mHealth and people from these countries are actively using mHealth services. The market form mHealth is growing rapidly in developing countries such as China and India. According to International Telecommunication Union, the number of mobile phone subscription is reached to about 5 billion throughout the world and about 70% of them are in low-middle income countries.
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